/// Investors Cool on Foursquare

Some social media start-ups are finding investors a lot less friendly in the wake of Facebook Inc.’s messy initial public offering. A few months before Facebook went public in May, venture capital firm Spark Capital Partners LLC bought $30 million of Foursquare Labs Inc. stock from the start-up’s employees in a deal that valued the four-year-old company at $760 million, people familiar with the matter said. Now, Foursquare is having a hard time convincing investors that it is worth that much money as it looks to raise around $50 million, people familiar with the discussions said. Read the rest of this post on the original site »

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Talk NYC/WW is your daily download of the tech, marketing and advertising news you need to know. It’s smartly curated to keep you up to speed on the innovators and innovations that are shaking up the digital world today.